10-5-128. Deposit of town funds -- Commingling with personal funds prohibited -- Suspension from office for unauthorized use or profit from town funds.
(1) The treasurer shall promptly deposit all town funds in the appropriate bank accounts of the town.
(2) It shall be unlawful for any person to commingle town funds with his or her own money.
(3) Whenever it shall appear that the treasurer or any officer is making profit out of public money, or is using the same for any purpose not authorized by law, such treasurer or officer shall be suspended from office.